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2. Wage Growth and Inflation in Europe: A Puzzle?

2. Wage Growth and Inflation in Europe: A Puzzle? »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Wages have been rising faster than productivity in many European countries, yet signs of underlying consumer price pressures remain limited. To shed light on this pu...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have s...

1. Facing Spillovers from Trade and Manufacturing

1. Facing Spillovers from Trade and Manufacturing »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Figure 1.1. Global Trade and Manufacturing Sources: IMF, Global Data Source; and IMF...

Manufacturing Jobs and Inequality: Why is the U.S. Experience Different?

Manufacturing Jobs and Inequality: Why is the U.S. Experience Different? »

Source: Manufacturing Jobs and Inequality: Why is the U.S. Experience Different?

Volume/Issue: 2019/191

Series: IMF Working Papers

Author(s): Natalija Novta , and Evgenia Pugacheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 September 2019

ISBN: 9781498320450

Keywords: Agriculture, Capital income, Cross country analysis, Data analysis, Demographic indicators, Disposable income, Economic indicators, Economic sectors, Economies, Education

We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore t...

Australia
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia

Australia : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia »

Volume/Issue: 2019/55

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2019

DOI: http://dx.doi.org/10.5089/9781484399019.002

ISBN: 9781484399019

Keywords: Economic growth, Credit, Unemployment, Fiscal policy, Employment, household debt;RBA;wage growth;interest-only;Haver

Australia experienced only a minor downturn after the end of the mining investment and commodity price boom but, as elsewhere, the adjustment and rebalancing has been slow, with below-target inflation and low wage...

Germany
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2019/213

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2019

DOI: http://dx.doi.org/10.5089/9781498324625.002

ISBN: 9781498324625

Keywords: External sector, Price indexes, Capital, Economic growth, Unemployment, account surplus, energy transition, current account surplus, wage growth, Haver

Germany's economic performance has been strong for the past decade, but external factors and structural challenges are now weighing on growth. The export-dependent economy has been hit by the recent slowdown in glo...

Front Matter

Front Matter »

Source: World Economic Outlook, October 2017 : Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges

Series: World Economic Outlook

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 October 2017

ISBN: 9781484312490

Keywords: World Economic Outlook, Economic growth, Production growth, Gross domestric product growth, Growth acceleration, Climate policy, Climate changes, Climate changing activities, Wage increases, Wage policy

The global upswing in economic activity is strengthening. Global growth, which in 2016 was the weakest since the global financial crisis at 3.2 percent, is projected to rise to 3.6 percent in 2017 and to 3.7 percen...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2019, Europe

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2019

ISBN: 9781513514017

Keywords: Budgets, Automobile industry, Employment, Euro Area, Gross domestic product, Inflation, Labor, Monetary policy, Trade, Wages

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started...

The Negative Mean Output Gap

The Negative Mean Output Gap »

Volume/Issue: 2019/183

Series: IMF Working Papers

Author(s): Shekhar Aiyar , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2019

DOI: http://dx.doi.org/10.5089/9781513511740.001

ISBN: 9781513511740

Keywords: Accounting systems, Bank rates, Bond yields, Business cycles, Capital, Capital stocks, Central banking, Central banks, Consumption, Cost of capital

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns...

Manufacturing Jobs and Inequality: Why is the U.S. Experience Different?

Manufacturing Jobs and Inequality: Why is the U.S. Experience Different? »

Volume/Issue: 2019/191

Series: IMF Working Papers

Author(s): Natalija Novta , and Evgenia Pugacheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 September 2019

DOI: http://dx.doi.org/10.5089/9781498320450.001

ISBN: 9781498320450

Keywords: Agriculture, Capital income, Cross country analysis, Data analysis, Demographic indicators, Disposable income, Economic indicators, Economic sectors, Economies, Education

We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore t...